Halifax is cutting rates on a number of 85% LTV deals by up to 12 basis points, while also making smaller reductions to other products.
On Monday, the lender is making the changes to selected first-time buyer, homemover and affordable housing deals.
Among the most substantial reductions are:
- Three-year fixed up to 85% LTV reduced from 2.69% to 2.57% with a £999 fee
- Three-year fixed up to 85% LTV reduced from 3% to 2.88% with no fee
- Five-year fixed up to 85% LTV reduced from 2.81% to 2.7% with a £1,499 fee
- Five-year fixed up to 85% LTV reduced from 2.83% to 2.71% with a £999 fee
- Five-year fixed up to 85% LTV reduced from 3.04% to 2.92% with no fee
Other lesser reductions have been made to products in the 60% LTV tier.
It comes after Halifax increased rates on a number of remortgage deals by up to 21 basis points last week.
